EMS- General Ledger Flashcards
1
Q
Debtors control
A
Debit +: Sales DJ
Credit -: Bank CRJ, Debtors Allowances DAJ
2
Q
Trading stock
A
Debit +: Cost of sales CPJ, cost of sales DAJ, creditors control CJ
Credit -: Cost of sales CRJ, cost of sales DJ, creditors control CAJ
3
Q
Sales
A
Debit -
Credit +: debtors control DJ, Bank CRJ
4
Q
Creditors control
A
Debit -: Sundry allowances CAJ, bank CPJ
Credit +: Sundry purchases CJ
5
Q
Equipment
A
Debit +: bank CRJ, Creditors control CJ
Credit -: Creditors controle CAJ
6
Q
Bank
A
Debit +: Total receipts CRJ
Credit -: Total payments CPJ
